Personal Finance In High School

Only 33% of parents actually sit down and teach their kids about saving money for retirement! It has been reported that 56% of students in high school have no idea about how to pay bills, why employers take out payroll taxes, or how to save money for big purchases or retirement. We need to start having these conversations now so your student will be prepared for their financial future. This could explain why there are so many American families that are struggling and making it pay check to pay check and there seems to be no way out. They were never taught how to manage money and had to learn personal finance skills the hard way (aka – the school of hard knocks). The lack of financial education in the home also leads to the parents supporting their adult children draining the parents retirement income.

It is that time of the year when we starting working on personal finance in business class. To-date …show more content…
The first assignment includes an interview of you and your financial experiences! So be prepared and I hope you will have a many good conversations about how you have managed your personal finances. Be sure to talk about things you are doing now to improve your finances and mistakes you have made in the past, let your student learn from your mistakes in the hopes they will avoid the same pitfalls you had to deal with. It is a good time to talk about what your students career interests (be realistic not everyone is going to play for the major league), what training after high school will they need (i.e. technical school, community college, university, or apprentice) don’t forget to include a conversation about the costs of going to school. Using the Internet, as a family, explore the career your student has selected and see what the job outlook is; what is the average pay, where are the job openings, and much more (use this website to begin your search: